Traders Sell Shares of McDonald’s Corp. (MCD) on Strength (MCD)
Traders sold shares of McDonald’s Corp. (NYSE:MCD) on strength during trading hours on Wednesday. $72.02 million flowed into the stock on the tick-up and $119.19 million flowed out of the stock on the tick-down, for a money net flow of $47.17 million out of the stock. Of all companies tracked, McDonald’s Corp. had the 0th highest net out-flow for the day. McDonald’s Corp. traded up $0.48 for the day and closed at $116.93
MCD has been the topic of several recent analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $140.00 target price on shares of McDonald’s Corp. in a research report on Wednesday, July 27th. Jefferies Group reiterated a “hold” rating on shares of McDonald’s Corp. in a research report on Wednesday, July 27th. Sanford C. Bernstein initiated coverage on McDonald’s Corp. in a research report on Thursday, May 26th. They set a “market perform” rating and a $129.00 target price on the stock. TheStreet cut McDonald’s Corp. from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Finally, Nomura reiterated a “hold” rating on shares of McDonald’s Corp. in a research report on Tuesday, July 12th. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $126.62.
The stock has a 50-day moving average of $116.54 and a 200-day moving average of $122.25. The firm has a market cap of $99.78 billion, a PE ratio of 22.33 and a beta of 0.59.
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McDonald’s Corp. (NYSE:MCD) last posted its earnings results on Tuesday, July 26th. The fast-food giant reported $1.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.06. The business had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.28 billion. McDonald’s Corp. had a net margin of 18.73% and a return on equity of 97.56%. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.26 earnings per share. Equities research analysts forecast that McDonald’s Corp. will post $5.56 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Thursday, September 1st were paid a $0.89 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $3.56 dividend on an annualized basis and a yield of 3.04%. McDonald’s Corp.’s payout ratio is currently 68.59%.
In other McDonald’s Corp. news, Chairman Andrew J. Mckenna sold 70,000 shares of the company’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $118.28, for a total transaction of $8,279,600.00. Following the sale, the chairman now directly owns 108,841 shares of the company’s stock, valued at $12,873,713.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.28% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the company. Pennsylvania Trust Co boosted its stake in shares of McDonald’s Corp. by 3.3% in the second quarter. Pennsylvania Trust Co now owns 108,250 shares of the fast-food giant’s stock valued at $13,027,000 after buying an additional 3,477 shares in the last quarter. Exxonmobil Investment Management Inc. TX boosted its stake in shares of McDonald’s Corp. by 3.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 227,234 shares of the fast-food giant’s stock valued at $27,345,000 after buying an additional 7,714 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of McDonald’s Corp. by 4.0% in the first quarter. Geode Capital Management LLC now owns 7,789,916 shares of the fast-food giant’s stock valued at $977,173,000 after buying an additional 302,511 shares in the last quarter. Royal Bank of Scotland Group PLC purchased a new stake in shares of McDonald’s Corp. during the first quarter valued at $540,000. Finally, National Pension Service boosted its stake in shares of McDonald’s Corp. by 4.2% in the first quarter. National Pension Service now owns 481,054 shares of the fast-food giant’s stock valued at $60,459,000 after buying an additional 19,502 shares in the last quarter. 69.10% of the stock is currently owned by hedge funds and other institutional investors.
About McDonald’s Corp.
McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally-relevant menu of quality food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets and Foundational Markets and Corporate.
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